2. Safe Harbor
This presentation may contain forward-looking statements and management may make additional forward-
looking statements in response to your questions. These statements are made under the ''safe harbor''
provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,”
“estimates” and similar statements. Statements that are not historical facts, including statements concerning
our beliefs, forecasts, estimates and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties that could cause actual results to differ materially from
those projected or anticipated, including risks related to: the risk that our results of operations are cyclical
and may fluctuate from period to period; the risk that we rely on a small number of customers for a
significant portion of our revenue; the risk that the industries in which we participate are highly competitive
and other risks outlined in our public filings with the Securities and Exchange Commission, including as set
forth under “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and elsewhere in our most recent Quarterly Report on Form 10-Q and Annual Report on Form
10-K filed with the Securities and Exchange Commission. The forward-looking statements made in this
presentation relate only to events or information as of the date on which the statements are made in this
presentation. Except as required by law, we undertake no obligation to update or revise publicly any forward-
looking statements, whether as a result of new information, future events or otherwise, after the date on
which the statements are made or to reflect the occurrence of unanticipated events.
2
3. Non-GAAP
Management uses non-GAAP net income and non-GAAP net income per diluted share to evaluate the
Company's operating and financial results. The Company believes the presentation of non-GAAP results is
useful to investors for analyzing our core business and business trends and comparing performance to prior
periods, along with enhancing investors' ability to view the Company's results from management's
perspective. The presentation of this additional information should not be considered a substitute for results
prepared in accordance with GAAP. Tables presenting reconciliations of non-GAAP results to U.S. GAAP
results are included in the Appendix on pages 20-22.
3
4. Global leader in design, engineering and manufacturing of critical
modules, subsystems and turnkey solutions primarily for the
semiconductor capital equipment industry.
• Q3’16 revenue of $146M, a quarter-over-quarter increase of 12.6%
• Q3’16 GAAP diluted EPS of $0.08 and non-GAAP* diluted EPS of $0.17
• Continued recovery expected in Semiconductor Wafer Equipment spending
– Industry commitment to node transitions in logic (10nm) and DRAM (≤20nm)
– Increased capital intensity in deposition and etch for FinFET and 3D NAND
• Building the platform for UCT’s growth
– Strategic investment in capabilities to enable ramp of new business
– Streamlining business systems and processes
4
UCT Highlights
* Q3 2016 Non-GAAP excludes: (i) pre-tax charges of $1.4 million for intangible assets amortization costs, $925,000 for executive transition costs, and a favorable $105,000 for the release of a
previously accrued expense related to the closure of one of our facilities, offset partially by a corresponding increase in tax expense of approximately $0.6M; and (ii) $1.4 million of income tax expense
related to income tax valuation allowances
5. 5
From Design to Prototype to Production
Broad expertise in multiple areas
− Complete outsourced design
• Gas and liquid delivery
• Mechanical and electrical assemblies
• Thermal management
− Quick turn capabilities
PROTOTYPING/
DEVELOPMENT
MANUFACTURING
ENGINEERING
MANUFACTURING
INTEGRATION & TEST
SUPPLY CHAIN MANAGEMENT
6. 6
From Design to Prototype to Production
Design for manufacturability (DFM)
− Lower production costs
− Reduced cycle time
Partner with customers to meet demanding new
product requirements
Continuous improvement in operational excellence
MANUFACTURING
INTEGRATION & TEST
MANUFACTURING
ENGINEERING
PROTOTYPING/
DEVELOPMENT
SUPPLY CHAIN MANAGEMENT
7. 7
From Design to Prototype to Production
Network of global, strategic partners
Reduce customer overhead through UCT expertise
in qualifying and managing complex supplier base
− Aggregated buying power
− Improved customer delivery time
PROTOTYPING/
DEVELOPMENT
MANUFACTURING
INTEGRATION & TEST
MANUFACTURING
ENGINEERING
SUPPLY CHAIN MANAGEMENT
8. 8
From Design to Prototype to Production
Comprehensive new product introduction process
− Simplify manufacturing process
− Reduce manufacturing costs
− Solve production challenges
Vertically integrated
MANUFACTURING
PROTOTYPING/
DEVELOPMENT
INTEGRATION & TEST
MANUFACTURING
ENGINEERING
SUPPLY CHAIN MANAGEMENT
9. 9
From Design to Prototype to Production
Sub-system through full tool integration
− Electrical and mechanical assemblies
− Ultra-high purity gas systems
− Fluid delivery systems
Final test and shipment direct to end users
− “Extended factory to top OEMs”
INTEGRATION & TEST
PROTOTYPING/
DEVELOPMENT
MANUFACTURING
MANUFACTURING
ENGINEERING
SUPPLY CHAIN MANAGEMENT
11. 11
Why Outsource?
LOWER COST Provides variable cost model
SCALABILITY Gain ability to quickly scale manufacturing
OPERATIONAL FOCUS Access to expertise in manufacturing
SUPPLY CHAIN Ease of supply chain management
FINANCIAL FLEXIBILITY Achieve reduction of inventory, improved cash flow
UCT excels at meeting quality, cost and delivery for demanding semiconductor market
12. Total WFE Market Opportunity
Deposition & Etch Outpace Semi Market
2016 WFE Estimate: $33B
Dep & Etch
>70%
of UCT Semi
Sales
Dep & Etch Industry
CapEx Spend
9-10% CAGR
2013 - 2018
Total Industry
CapEx Spend
~6% CAGR
2013 - 2018
Thermal
& Implant
5%
Deposition
25%
Removal/Etch
25%
Lithography
26%
Metrology &
Inspection
13%
Other
6%
15 Source: Gartner 2015 and UCT estimates not based on material non-public information
13. Frames Machining
Plastics
Prototype
Machining
Machining
Metals
13
Growing Suite of Critical Process Capabilities
Manufactured Components
Chemical Delivery
Sub-Systems
Frames
Prototype
Machining
Machining
Metals
Machining
Plastics
Heaters
Sheet Metal
Forming
3D Printing
Complete
Assemblies
GasGAS
Assembly
Integration
& Test
Liquid
Assembly
Integration
& Test
Liquid
Sheet Metal
Forming
Heaters 3D Printing
14. 14
Semi Industry Consolidation
54% 63% 63%
TOP 10
CHIP COMPANIES
TOP 5
WFE COMPANIES
68%
2010 2015 2010 2015
Source: Company Financials, SIA, Gartner 2015 and UCT estimates not based on material non-public information
15. 15
Supply Chain Consolidation Opportunity
30%
TOP 10
SUPPLIERS to WFE
35%
2010 2015
Source: Company Financials, SIA, Gartner 2015 and UCT estimates not based on material non-public information
17. (in $ millions) Q3 15 Q2 16 Q3 16
Sales $122.8 $129.8 $146.2
Gross Profit $18.9 $19.0 $23.5
Gross Profit % 15.4% 14.7% 16.1%
GAAP Net Income $1.7 $0.7 $2.6
GAAP basic & diluted EPS $0.05 $0.02 $0.08
Non-GAAP* Net Income $3.1 $3.2 $5.7
Non-GAAP diluted EPS* $0.10 $0.10 $0.17
Cash $59.8 $44.1 $47.3
17
Select Financial Data
* Q3 2016 Non-GAAP excludes: (i) pre-tax charges of $1.4 million for intangible assets amortization costs, $925,000 for executive transition costs, and a favorable $105,000 for the release
of a previously accrued expense related to the closure of one of our facilities, offset partially by a corresponding increase in tax expense of approximately $0.6M; and (ii) $1.4 million of
income tax expense related to income tax valuation allowances
18. • Poised to outperform growth of Semi WFE market
• Targeting fastest growing market segments
• Delivering what customers need (OTD, quality, cost)
• Industry trends reinforce leading position as potential
supply chain consolidator
• Becoming partner to key customers
18
Compelling UCT Opportunity
Winning
Strategy
Strong Gross
Margins
Improving
Profitability
Solid Cash
Generation
20. (in thousands)
Three months ended:
Sept. 25, 2015 June 24, 2016 Sept. 23, 2016
Reported net income on a GAAP basis $1,676 $723 $2,614
Amortization of intangible assets (1) $1,550 $1,440 $1,438
Executive transition costs (2) - - $925
Restructuring charges (3) - $70 $(105)
Acquisition costs (4) $460 - -
Income tax effect of non-GAAP adjustments (5) $(563) $(406) $(574)
Income tax effect of valuation allowance (6) - $1,384 $1,391
Non-GAAP net income $3,123 $3,211 $5,689
20
Reconciliation: GAAP Net Income to Non-GAAP Net Income
(1) Amortization of intangible assets related to the Company's acquisitions of AIT, Marchi and Miconex
(2) Represents expense for termination benefits paid to former executives of the Company
(3) Adjustment to previous restructuring reserve related to the abandonment of one of the Company's facilities
(4) Costs incurred related to the acquisition of Marchi and Miconex
(5) Tax effect on amortization of intangible assets, executive transition costs, restructuring charges, and acquisition costs based on the non-GAAP tax rate
(6) The Company's GAAP tax expense is substantially higher than the Company's non-GAAP tax expense, primarily due to losses in the U.S. with full federal and state valuation allowances. The Company's non-GAAP tax
rate and resulting non-GAAP tax expense considers the tax implications as if there was no federal or state valuation allowance position in effect
21. (in thousands)
Three months ended:
Sept. 25, 2015 June 24, 2016 Sept. 23, 2016
Reported income from operations on a GAAP basis $3,079 $3,719 $6,700
Amortization of intangible assets (1) $1,550 $1,440 $1,438
Executive transition costs (2) - - $925
Restructuring charges (3) - $70 $(105)
Acquisition costs (4) $460 - -
Non-GAAP income from operations $5,089 $5,229 $8,958
21
Reconciliation: GAAP Income from Operations to Non-GAAP
Income from Operations
(1) Amortization of intangible assets related to the Company's acquisitions of AIT, Marchi and Miconex
(2) Represents expense for termination benefits paid to former executives of the Company
(3) Adjustment to previous restructuring reserve related to the abandonment of one of the Company's facilities
(4) Costs incurred related to the acquisition of Marchi and Miconex
22. Three months ended:
Sept. 25, 2015 June 24, 2016 Sept. 23, 2016
Reported net income on a GAAP basis $0.05 $0.02 $0.08
Amortization of intangible assets (1) $0.05 $0.05 $0.04
Executive transition costs (2) - - $0.03
Restructuring charges (3) - $0.00 $0.00
Acquisition costs (4) $0.01 - -
Income tax effect of non-GAAP adjustments (5) $(0.01) $(0.01) $(0.02)
Income tax effect of valuation allowance (6) - $0.04 $0.04
Non-GAAP net income $0.10 $0.10 $0.17
Weighted average number of diluted shares (k) 32,155 32,792 33,100
22
Reconciliation: GAAP Earnings Per Diluted Share to Non-
GAAP Earnings Per Diluted Share
(1) Amortization of intangible assets related to the Company's acquisitions of AIT, Marchi and Miconex
(2) Represents expense for termination benefits paid to former executives of the Company
(3) Adjustment to previous restructuring reserve related to the abandonment of one of the Company's facilities
(4) Costs incurred related to the acquisition of Marchi and Miconex
(5) Tax effect on amortization of intangible assets, executive transition costs, restructuring charges, and acquisition costs based on the non-GAAP tax rate
(6) The Company's GAAP tax expense is substantially higher than the Company's non-GAAP tax expense, primarily due to losses in the U.S. with full federal and state valuation allowances. The Company's non-GAAP tax rate and resulting non-GAAP tax
expense considers the tax implications as if there was no federal or state valuation allowance position in effect
